Oil prices rose for a fourth day today as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates. Brent crude futures rose 39 cents, or 0.5%, to $87.90 a barrel this morning, adding to a 1.2%…
Tag Archives: Inflation
The number of residential property transactions increased by almost 19% to 44,110 in the 12 months to October 2021, according to the latest Residential Buildings Report published by GeoDirectory and EY. It reveals that over 16% of all property transactions were for newly built homes, which was down compared to the previous year. The average…
More than four out of every five builders across the country expect the prices they charge for projects will rise in the first three months of the year when compared to the same period last year, a new survey of the industry has revealed. 99% reported a year-on-year increase in the cost of raw materials,…
The Society of Chartered Surveyors Ireland (SCSI) has said it expects the median price of a home in Ireland to increase by almost €14,000 this year. A poll of its 580 members predicts a 5% rise in property prices, with most of that frontloaded to the first three months of the year. It reveals that…
Ireland’s mortgage rates for new loans remained the second highest in the euro area in November, according to the Central Bank. Greece had the highest rates in the euro area. The weighted average interest rate on new mortgages was 2.7% in November, a reduction of 8 basis points or 0.08%, on November 2020. The euro…
The rate at which the price of used cars is increasing has reached a new high, driven by the supply shortages caused by the Covid-19 pandemic and Brexit. In the last three months of the year, the inflation rate for used cars grew a further 7.7%, the second highest quarterly price rise since 2011, according…
Almost 5,000 mortgages were approved in November, up 8.6% on the previous month but down 4.6% on the same time last year. New figures from Banking and Payments Federation Ireland reveal that over half of all mortgages approved during the month were for First Time Buyers (FTBs), while mover purchasers accounted for just under 28%….
The poverty risk of households that are in receipt of housing subsidies is two and a half times greater after they have paid their rent, according to an analysis by the think tank Social Justice Ireland. In its report ‘Housing and Poverty 2022’, the group concludes that the practice of using housing subsidies to support…
The Minister for Finance says decisions made by the Government in last year’s budget will help individuals and households cope with the cost of inflation. Further decisions to reduce the price of energy bills will also assist the cost of living, he said. The annual rate of inflation rose to 5.3% in November, its highest…
The cost of insurance premiums should not be so high that you are overpaying because of an increase in liability premiums. It was found that there was an increase in liability premiums of up to 10%. There is a silver lining to the increased premiums, it can be reduced if the stamp duties are cut….